Hope Community Academy

Analysis

Hope Community Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending June 2023, Hope Community Academy reported income of $13.2m and spending of $13.8m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $13.2m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Community Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Childrens Center for Developmental Enrichment ($13.2m), Educators for Quality Alternatives ($13.2m) and Miller School of Albermarle ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $322k (2.3% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $6.1m against liabilities of $8.3m, net assets of -$2.2m. It reported 161 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.